Contains information about each fixed asset, such as description, serial number, fixed asset class, and location. Each fixed asset must also have a number for identification purposes. When you enter the number in the various No. fields elsewhere in the system (on a purchase invoice, for example), the program will automatically use the information associated with the number.
An asset can be made up of several assets. After setting up cards for all of the fixed assets, you can link the main asset and it's components together.
You must link one or more depreciation book(s) to each fixed asset. The depreciation books allow you to define the depreciation methods and related conditions to be used when calculating depreciation.
You can also integrate fixed asset posting with the general ledger through the use of depreciation books.
If you integrate posting related to fixed assets, for example, purchases, depreciation and disposal of fixed assets, with the general ledger, then you must set up links to the necessary accounts in the general ledger. This is done through FA posting groups.
After you have set up the posting groups, you can enter them in the depreciation books that are linked to the fixed asset cards; in order to tell the program how to post acquisitions, appreciation, write-downs, depreciation and disposal of fixed assets in the general ledger.
If fixed assets are not integrated with the general ledger, posting of acquisition cost, depreciation and so on will be contained only within the fixed assets application area.
The program can display fixed assets in two different windows:
The Fixed Asset Card window has a card for each fixed asset that contains all the fields that have been selected. You can therefore see many fields for each fixed asset.
TheFixed Asset List window displays all the fixed assets, with a line for each. Therefore, fewer fields are displayed for each fixed asset.
All fixed assets must be set up in this table.
List of Fields in the Table
To see the list of fields in this table, change to the Classic view. Choose the Choose View button in the upper-right corner, and then choose Classic.
| FA Posting Date Filter Field, Fixed Asset Table |
Fixed Assets |
| FA Class Code Field, Fixed Asset Table |
Fixed Assets |
| Last Date Modified Field, Fixed Asset Table |
Fixed Assets |
| FA Posting Group Field, Fixed Asset Table |
Fixed Assets |
| Budgeted Asset Field, Fixed Asset Table |
Fixed Assets |
| Search Description Field, Fixed Asset Table |
Fixed Assets |
| Under Maintenance Field, Fixed Asset Table |
Fixed Assets |
| Gen. Prod. Posting Group Field, Fixed Asset Table |
Service Tax |
| Responsible Employee Field, Fixed Asset Table |
Fixed Assets |
| Global Dimension 2 Code Field, Fixed Asset Table |
Fixed Assets |
| Component of Main Asset Field, Fixed Asset Table |
Fixed Assets |
| Tax Group Code Field, Fixed Asset Table |
Service Tax |
| Comment Field, Fixed Asset Table |
Fixed Assets |
| Vendor No. Field, Fixed Asset Table |
Fixed Assets |
| No. Series Field, Fixed Asset Table |
Fixed Assets |
| Global Dimension 1 Code Field, Fixed Asset Table |
Fixed Assets |
| Serial No. Field, Fixed Asset Table |
Fixed Assets |
| Next Service Date Field, Fixed Asset Table |
Fixed Assets |
| FA Subclass Code Field, Fixed Asset Table |
Fixed Assets |
| FA Location Code Field, Fixed Asset Table |
Fixed Assets |
| Insured Field, Fixed Asset Table |
Fixed Assets |
| Inactive Field, Fixed Asset Table |
Fixed Assets |
| Main Asset/Component Field, Fixed Asset Table |
Fixed Assets |
| Picture Field, Fixed Asset Table |
Fixed Assets |
| Location Code Field, Fixed Asset Table |
Fixed Assets |
| Blocked Field, Fixed Asset Table |
Fixed Assets |
| Description Field, Fixed Asset Table |
Fixed Assets |
| Maintenance Vendor No. Field, Fixed Asset Table |
Fixed Assets |
| VAT Product Posting Group Field, Fixed Asset Table |
Income Tax |
| Warranty Date Field, Fixed Asset Table |
Fixed Assets |
| Description 2 Field, Fixed Asset Table |
Fixed Assets |
| No. Field, Fixed Asset Table |
Fixed Assets |
| Professional Tax Field, Fixed Asset Table |
France Local Functionality |
| Acquisition Year Field, Fixed Asset Table |
Italian Local Functionality Tables, Reports, Batch Jobs, and Windows |
| Source FA No. Field, Fixed Asset Table |
Italian Local Functionality Tables, Reports, Batch Jobs, and Windows |
| Excise Prod. Posting Group Field, Fixed Asset Table |
Excise |
| Excise Accounting Type Field, Fixed Asset Table |
Excise |
| Add. Depr. Applicable Field, Fixed Asset Table |
India Local Functionality |
| FA Block Code Field, Fixed Asset Table |
India Local Functionality |
| VAT Product Posting Group Field, Fixed Asset Table |
India Income Tax |
| Acquisition Year Field, Fixed Asset Table |
Italy Local Functionality |
| Source FA No. Field, Fixed Asset Table |
Italy Local Functionality |
| Excise Prod. Posting Group Field, Fixed Asset Table |
India Excise |
| Excise Accounting Type Field, Fixed Asset Table |
India Excise |
| Add. Depr. Applicable Field, Fixed Asset Table |
India Local Functionality |
| FA Block Code Field, Fixed Asset Table |
India Local Functionality |
| WHT Product Posting Group Field, Fixed Asset Table |
New Zealand Local Functionality |
| Prem Depr. % Field, Fixed Asset Table |
Switzerland Local Functionality |
| Prem. Depr. Amount Field, Fixed Asset Table |
Switzerland Local Functionality |
| BWR Depr. Book Code Field, Fixed Asset Table |
Switzerland Local Functionality |
| Start of Use Date Field, Fixed Asset Table |
Switzerland Local Functionality |
| VAT Product Posting Group Field, Fixed Asset Table |
Income Tax |
| Excise Prod. Posting Group Field, Fixed Asset Table |
Excise |
| Excise Accounting Type Field, Fixed Asset Table |
Excise |
| Add. Depr. Applicable Field, Fixed Asset Table |
India Local Functionality |
| FA Block Code Field, Fixed Asset Table |
India Local Functionality |
| Acquisition Year Field, Fixed Asset Table |
Italy Local Functionality |
| Source FA No. Field, Fixed Asset Table |
Italy Local Functionality |
| Acquisition Year Field, Fixed Asset Table |
Italy Local Functionality |
| Source FA No. Field, Fixed Asset Table |
Italy Local Functionality |
See Also
Reference
Fixed Asset Card
Fixed Asset List
FA Depreciation Book
Other Resources
How to: Create Fixed Assets